MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Calwestern is a standard player in foreclosures. The thing to remember is that the function of Calwestern, Recontrust (BOA) et al did not exist before securitization. So the question to ask is why would they need a substitute trustee or different servicer to …
Your Client’s Securitized Mortgage: A Basic Roadmap PART 3: Dealing with Notes and Assignments [2009-11-19] Your Client’s Securitized Mortgage: A Basic Roadmap By O. Max Gardner, III and Richard D. Shepherd Part 3: Dealing with Notes and Assignments There are two basic documents involved in a residential mortgage loan: the promissory note and the mortgage …
Part III of Gardner and Shepherd: Notes and Assignments Read More »
Your Client’s Securitized Mortgage: A Basic Roadmap PART 2: Transaction Steps and Documents [2009-11-19] Your Client’s Securitized Mortgage: A Basic Roadmap: By O. Max Gardner, III and Richard D. Shepherd Part 2: Typical transaction steps and documents (in private-label, non-GSE securitizations) 1. The Originator sells loans (one-by-one or in bundles) to the Securitizer (a/k/a the …
Your Client’s Securitized Mortgage: a Basic Roadmap Part 1 [2009-11-19] Your Client’s Securitized Mortgage: A Basic Roadmap PART 1: The Parties and Their Roles The first issue in reviewing a structured residential mortgage transaction is to differentiate between a private-label deal and an “Agency” (or “GSE”) deal. An Agency (or GSE) deal is one involving …
A USEFUL PRIMER OF TERMS FROM O. MAX GARDNER AND RICHARD D. SHEPARD Read More »
